Archive | May, 2012

Barco almost out of business a few years ago, admits CEO

30 May

Eric Van Zele, CEO of Barco has admitted to AV Magazine in an interview that the company nearly went out of business a few years ago. “Three to four years ago this company had a near-death experience, it was over. If it wasn’t for digital cinema we wouldn’t still be here.” Speaking at the launch of the company’s ClickShare presentation device, Van Zele outlined the company’s future strategy, which is to concentrate on three core markets: heathcare, entertainment and control rooms.

SCRI Partners with Digital VIdeo East

23 May

SCRI is pleased to announce that we are once again partnering with Digital Video Expo East this year. DV Expo East returns to New York for the second year at a new, larger location with more exhibitors and content.DV Expo East is quickly becoming the premier destination for content creation professionals to explore the latest technologies, learn from world-class professionals and connect with peers who share the same passion.  Register now

SeaChange Sells On Demand Group

21 May

SeaChange has sold its media services company, On Demand Group (ODG), to AVAIL-TVN for $27 million on a cash-free, debt-free basis. U.K.-based On Demand Group, specializing in content aggregation and management of VOD services, becomes part of Avail-TVN effective immediately.

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Autodesk Increasing Revenue Trend Continues

21 May

Autodesk recently reported financial results for the first quarter of fiscal year 2013. Revenue was $589 million, an increase of 11 percent compared to the first quarter of fiscal 2012. Of that only $51 million, or 8,7%, was in Media & Entertainment segment. YTD total revenue shows an increasing trend since 2010 with YTD 2012 at $2,216 million; 2011 at $1,952 million and 2010 at $1,714 million.

Routing switchers will grow by over $25 million through 2013

17 May

Routing switchers will grow by over $25 million through 2013. SCRI International reports a compound annual growth rate (CAGR) of 1.25% for this product category for the three-year period surveyed.  This according to SCRI’s 2012-2013 Broadcast Pro Video Marketplace Reports which track over 20 product types and report on brand shares, key trend and market size & growth, by vertical market (broadcast tv, cable tv, video / film production, post production, corporate and institutional video ( government,educational and medical).

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Miranda “Shtum” on Potential Sale

11 May

Miranda reported Q1 revenue of $42.2 million, up 7% from 2011. CEO Seth Goodship did say in the analyst phone conference that Q1 was “softer than expected,” particularly in the US, but that the company is expecting sales to “ramp up” during the year.  Several questions abou the impending “strategic review” or sale of the company were answered with the standard company line that the “process is unfolding.” Revenue at Omnibus was not reported separately due to “competitive reasons.”  Revenue in the UK while high, was misleading since the UK is the “distribution point” of other regions in Europe.  See Miranda Reports First Quarter 2012 Results for details.

Production Switchers Market to grow by over $17 million in 2013

9 May

Production Switchers are projected to grow by over $17 million in 2013. This comes in spite of some serious market drops in certain market verticals such as broadcasters. SCRI International reports a compound annual growth rate (CAGR) of 0.81% for this product category in all six professional television/video markets for the three-year period. This year, a total of 29.8% of all facilities plan to purchase these devices. That compares favorably to 2011, when 28.7% of all markets purchased production switchers. In 2013, a total of 30.2% of all facilities expect to purchase these switchers.  This, according to SCRI’s 2012-2013 Broadcast / Pro Video (B/PVM) Marketplace Report, a series of over 20 annually updated Product Reports, detailing market size, by vertical market, as well as brand share and key trends.

Chyron Q1 Loss — CEO Talks about Industry Consolidation

3 May

Chyron’s Q1 follows the same pattern as reported for Q4 (Chyron Reports Continued Net Loss In Spite of Increased Revenue).  Q1 revenue was 7.9 million for Q1 2012 as compared to $6.6 million for Q1 2011; down from Q4 revenue of $8.1 million. Operating loss and pre-tax loss of $1.1 million as compared to an operating loss and pre-tax loss of $0.9 million in Q1 2011.  In the analyst phone conference Chyron CEO Michael Wellesley-Wesley responds to a question on the pending sales of Harris by saying that Chyron would go after the Harris Inscriber business and that he expects a lot more consolidation and sale of companies i the industry. Specially he stated that:

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Harris Pulls the Plug on Broadcast Division

1 May

Harris Corporation reported Q3 results, included in which was a statement indicating that the company has “approved a plan to divest Broadcast Communications. As a result, current and prior period financial results for Broadcast Communications will be reported as discontinued operations beginning with the fourth quarter of fiscal 2012.”